Shared by
James_BOWSsim
Hoping to catch a bounce on the daily, but after seeing SPY quickly crack decided to short. Entered when price was pushing right up into an EMA sandwich and getting ready to plummet. Saw it curling downwards at the EMA's and then it went.
Again, a big problem of mine is after covering my risk I always sell off the other half too soon. Since I was already down ~200 from getting stopped out I psychologically wanted to make it back quick. However in doing so I denied a chance at a much larger play that was literally right at my fingertips 5 minutes later. I can't tell you how many times this has happened to me in the past few days. I need to let the winners ride once I reset my stop & cover risk.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-01-13 10:15:27 | FCX | sell | $3.990 | short |
| 2016-01-13 10:15:27 | FCX | sell | $3.990 | short |
| 2016-01-13 10:18:42 | FCX | buy | $3.950 | short |
| 2016-01-13 10:18:42 | FCX | buy | $3.950 | short |
| 2016-01-13 10:18:42 | FCX | buy | $3.950 | short |
| 2016-01-13 10:23:15 | FCX | buy | $3.925 | short |
| 2016-01-13 10:24:24 | FCX | buy | $3.925 | short |
| 2016-01-13 10:24:39 | FCX | buy | $3.930 | 0 |
Comments
James_BOWSsim
Perhaps you're right I need to revise/ redefine my reasons to sell list and always keep it on hand. Its really killin me here lol.
kunal00
wow this is a great entry too man! u need to ride this stuff!!
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Perhaps really diving into your reasons to exit rules to be sure you are following them exactly as is your style. If not, then it's an easy fix. If you are, then maybe redefining them is in order? Regardless, nice entry!